Skyline Bankshares, Inc. (SLBK)

Skyline Bankshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	46.28	39.88	32.69	33.09	30.77	29.18
Interest Income on Investments	3.55	3.49	3.88	1.67	0.97	1.63
Total Interest Income	49.82	43.37	36.57	34.76	31.74	30.8
Interest Paid on Deposits	11.41	6.62	1.74	2.34	3.35	2.85
Interest Paid on Borrowings	1.54	1.15	0.19	0.09	0.09	0.02
Total Interest Expense	12.95	7.77	1.93	2.43	3.44	2.87
Net Interest Income	36.88	35.6	34.64	32.33	28.3	27.93
Net Interest Income Growth (YoY)	2.56%	2.77%	7.15%	14.21%	1.33%	15.02%
Gain (Loss) on Sale of Assets	-	0.2	-	-	-	0.12
Gain (Loss) on Sale of Investments	-0.14	-0.02	-0.01	0.27	0.32	0.05
Other Non-Interest Income	4.85	4.6	4.36	4.37	3.54	3.09
Total Non-Interest Income	6.98	6.97	6.26	6.18	5.3	4.92
Non-Interest Income Growth (YoY)	7.97%	11.40%	1.33%	16.58%	7.77%	13.41%
Revenues Before Loan Losses	43.86	42.57	40.89	38.5	33.6	32.85
Provision for Loan Losses	0.97	-0.05	0.61	0.72	1.19	0.66
Revenue	42.89	42.62	40.29	37.78	32.41	32.19
Revenue Growth (YoY)	1.06%	5.78%	6.64%	16.56%	0.68%	13.78%
Salaries and Employee Benefits	17.03	16.45	14.64	14.53	14.6	13.25
Occupancy Expenses	3.4	2.93	2.52	1.94	1.64	1.56
Federal Deposit Insurance	0.58	0.59	0.43	0.43	0.23	0.05
Amortization of Goodwill & Intangibles	0.35	0.37	0.48	0.6	0.71	0.82
Selling, General & Administrative	7.59	6.98	6.22	5.96	5.24	4.93
Other Non-Interest Expense	3.45	3.22	3.2	2.82	2.67	2.64
Total Non-Interest Expense	32.39	30.54	27.49	26.27	25.1	23.26
EBT Excluding Unusual Items	10.49	12.08	12.8	11.51	7.31	8.94
Other Unusual Items	-	-	-	0.39	-	-
Pretax Income	8.99	12.08	12.8	11.91	7.31	8.94
Income Tax Expense	1.92	2.38	2.52	2.42	1.45	1.78
Net Income	7.08	9.7	10.28	9.48	5.87	7.16
Net Income to Common	7.08	9.7	10.28	9.48	5.87	7.16
Net Income Growth	-31.93%	-5.65%	8.43%	61.56%	-17.97%	58.09%
Basic Shares Outstanding	6	6	6	6	6	6
Diluted Shares Outstanding	6	6	6	6	6	6
Shares Change (YoY)	-0.49%	-0.16%	-6.36%	-1.78%	-1.75%	9.99%
EPS (Basic)	1.27	1.74	1.84	1.59	0.97	1.16
EPS (Diluted)	1.27	1.74	1.84	1.59	0.97	1.16
EPS Growth	-31.59%	-5.50%	15.79%	64.49%	-16.51%	43.72%
Dividend Per Share	0.460	0.440	0.380	0.290	0.260	0.250
Dividend Growth	9.52%	15.79%	31.03%	11.54%	4.00%	13.64%
Effective Tax Rate	21.31%	19.68%	19.68%	20.35%	19.76%	19.92%

Source: S&P Capital IQ. Banks template. Financial Sources.